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A 48-hour strike by about 600 Pacific National coal train crew and 300 bulk cargo crew halted coal trains to Newcastle and affected grain and bulk trains across much of NSW. The union confirmed another 48-hour stoppage was planned for the following weekend after 30 failed bargaining meetings.
Disrupted grain rail movements in NSW can slow deliveries to export terminals and feed users, supporting local grain prices and freight rates while the dispute continues.
newcastleherald.com.auIan KirkwoodOct 20, 2017Not enough comparable past events yet for a historical read.
After 283 past bullish logistics events, WHEAT moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
